Anti-bribery and corruption compliance programs – is it always as easy as ABC?

Key Points:

Three basic steps can help detect an ineffective Anti-Bribery and Corruption compliance program.

Anti-Bribery and Corruption (ABC) compliance programs are increasingly being mandated by legislators, boards, customers, contractors and bankers.

The basic requirements for these programs are fairly well known, but many organisations are unsure how effective or efficient their ABC compliance programs actually are.

The August 2013 Compliance Trends survey undertaken internationally by Compliance Week and Deloitte noted that ABC risks were the top four key risks for compliance executives, but these same executives struggled to measure the effectiveness of their programs. Indeed, over 30 percent of these executives simply threw their hands up and did not attempt any measurement at all.